Belgium’s consumer confidence rose for the first time in three months in October, survey data from the National Bank of Belgium showed on Monday.

The consumer confidence index rose to -8 from -11 in September. In August, the score was -9.

The revival of confidence is mainly due to a less gloomy macroeconomic outlook, the bank said.

Households’ expectations regarding unemployment trends improved sharply, as a result of which the substantial deterioration seen last month has been more than wiped out, the bank added.

The material has been provided by InstaForex Company –